Dwindling odds of Fed rate cuts and rising bond yields have weakened the bullish case in cryptocurrencies and stocks. Flows into the U.S.-listed spot BTC ETFs have dried. The analyst who predicted bitcoin’s {{BTC}} bottom in November 2022 and the recent pre-halving surge to record highs has turned bearish on risk assets, including technology stocks […]
Genesis has sold its shares of Grayscale Bitcoin Trust (GBTC) and used the proceeds to buy 32,041 bitcoins The bitcoins are worth $2.2 billion at today’s prices Bankrupt crypto lender Genesis has completed the sale of its Grayscale Bitcoin Trust (GBTC) shares and used the proceeds to purchase 32,041 bitcoins, according to court documents filed […]
With Bitcoin’s halving event just around the corner, it certainly seems like we’re on the cusp of something big. While everyone’s eyes are glued to the skyrocketing bitcoin {{BTC}} price and the possibility of record-breaking highs, the ripple effects are far-reaching. They will touch every corner of the crypto market, and could even signal an […]
The dollar value of the mean onchain transfers on the Bitcoin blockchain remain well below the 2021 peak, data tracked by Glassnode show. That’s a sign of investors holding on to their coin stash in anticipation of higher prices, analysts at Blockware Solutions said. Bitcoin’s {{BTC}} price recently rose to new record highs above $70,000. […]
Bitcoin faces a “sell-side liquidity crisis” by September if institutional inflows continue, an industry analyst says. In a thread on X on March 12, Ki Young Ju, founder and CEO of on-chain analytics platform CryptoQuant, predicted a BTC supply watershed “within six months.” Image Ki: Bitcoin bears “can’t win” while ETF flows continue Bitcoin as […]
El Salvador moved more than 5,000 BTC into a cold wallet this week. The disclosure by President Nayib Bukele nearly doubles the country’s known stash of the digital asset. Bitcoin-forward Central American nation El Salvador this week moved $400 million worth of bitcoin {{BTC}} – “a big chunk” – into a cold wallet, according to […]
MicroStrategy Inc. Chairman Michael Saylor discussed his views on Bitcoin and how his company will handle its huge investment going forward during an interview on CNBC. “We’re buying it to hold it 100 years. So, that being the case, that $66,000 to $16,000 crash. That shook out the tourists. That shook out the nonbelievers. When […]
JPMorgan: Bitcoin’s Surge Could Raise Concerns at the Fed, Rate Cuts Might be Delayed Bitcoin‘s recent price surge to new highs has some experts worried, including JPMorgan Chase’s chief market strategist Marko Kolanovic. In a research note, Kolanovic reportedly expressed concern that the rally in Bitcoin and other digital assets could hinder the Federal Reserve’s […]
Bitcoin (BTC) surged above $57,000 Tuesday, putting it within striking distance of its all-time high as enthusiasm for the world’s largest cryptocurrency reached a level last seen during a 2021 boom. The price of the digital asset is now up as much as 10% on the week and 35% so far this year, due largely […]
(Bloomberg Markets) — Digital currencies are back, at least if you ask the crypto faithful. The US Securities and Exchange Commission has at last approved Bitcoin exchange-traded funds— begrudgingly, with a hard nudge from the courts. Renewed investor enthusiasm in risky assets such as technology stocks seems to have rubbed off on tokens, too. If […]
(Bloomberg) — Bitcoin posted its worst streak in about a month as the fanfare over new US exchange-traded funds for the largest digital asset subsided. Most Read from Bloomberg The token swung between gains and losses to trade little changed at $42,655 as of 1:42 p.m. Monday in Singapore. It dropped for three straight days […]
On Jan. 10, the U.S. Securities and Exchange Commission (SEC) approved the market’s first 11 Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs). Unlike previous “Bitcoin ETFs,” which were pinned only to future contracts or held shares of Bitcoin-related companies, these new funds directly hold Bitcoins. Over the long term, these ETFs should closely track the spot […]